Al Abraaj Group from Bahrain has made an important move by acquiring 5 Bitcoin for its corporate treasury, becoming the first public company in the region to make such a purchase.
Al Abraaj's Bitcoin Purchase
Al Abraaj Restaurants Group, a prominent firm in Bahrain, acquired 5 Bitcoin for their corporate treasury on May 19, 2025, marking their first BTC purchase. This step highlights their ambition to follow in the footsteps of global peers like MicroStrategy.
Significance of the Acquisition for the Region
Al Abraaj's acquisition of Bitcoin reflects increasing corporate confidence in the asset within Bahrain, aligning with innovative regulatory frameworks by the Central Bank of Bahrain. This move may inspire other regional companies to adopt similar strategies.
Al Abraaj Leadership's View on Bitcoin's Future
Chairman Abdulla Isa emphasized Bitcoin's pivotal role in the future of finance, stating, "We believe that Bitcoin will play a pivotal role in the future of finance, and we are excited to be at the forefront of this transformation in the Kingdom of Bahrain." The group partnered with 10X Capital, indicating rising corporate interest in Bitcoin.
Al Abraaj's decision to acquire Bitcoin reflects broader technological adoption within corporate finance. This move may influence other firms' attitudes towards digital reserves.
